A Slight Nudge South: Nifty 50 Turns Negative but Holds Ground

India’s benchmark Nifty 50 index turned negative on September 29, 2025, ending the day down 0.05% after softening in early trades. The market exhibited cautious sentiment, influenced by profit-taking, sectoral pressures, and anticipation of upcoming economic policy cues. Despite attempts to recover, Nifty struggled to sustain gains, reflecting prevailing nervousness among investors.

 

Market Performance

 

Nifty 50 closed marginally lower by 0.05%, underscoring a near-flat session with limited direction.

 

The index hovered around key resistance near 24,800 but fell short of a breakout, indicating lackluster buying momentum.

 

Broader markets reflected similar trends with midcap and smallcap segments showing slight underperformance.

 

Sectoral Trends

Technical Outlook

Global and Economic Impact

Sources: The Hindu Business Line, Moneycontrol, NSE India, ET Now News, Tickertape